AML / KYC

HK Brokers’ Operations Halted for Allegedly Handling Proceeds of Crime

13/06/2017

Hong Kong’s SFC (Securities and Futures Commission) issued a restriction notice on a foreign exchange broker amid concerns money it […]

Fintech / Regtech

More Fintech Regulatory Coordination Needed – ASIFMA

12/06/2017

MAS (the Monetary Authority of Singapore) inked an agreement with ASBA (the Association of Supervisors of Banks of the Americas) […]

RBA, BNM Governors to Head FSB’s Asia Consultative Group

12/06/2017

RBA (Reserve Bank of Australia) governor Philip Lowe will from 1 July this year replace Norman Chan, chief executive of […]

Crypto / Digital Assets

India Tightens Cybersecurity Requirements for NBFCs

12/06/2017

RBI (the Reserve Bank of India) issued directions to the country’s NBFCs (non-banking finance companies) on information technology and security, […]

China Regulators Eye Standardisation, Senior Managers Regime

12/06/2017

China’s top financial regulators have developed a strategic plan to create a “standardised financial system”, including joint measures on risk […]

AML / KYC

Pakistan PM to Attend Panama Papers Inquiry

12/06/2017

A joint investigation team probing least year’s Panama Papers revelations called on Pakistan’s Prime Minister Nawaz Sharif to answer questions […]

AML / KYC

BCBS Updates Correspondent Banking AML/CTF Guidelines

08/06/2017

BCBS (the Basel Committee on Banking Supervision) issued revised guidelines on AML/CTF (anti-money laundering/countering terrorist financing) measures in correspondent banking […]

Market Infrastructure

CFETS, HKEX Set up Bond Connect JV

08/06/2017

CFETS (the China Foreign Exchange Trade System) and HKEX (Hong Kong Exchanges and Clearing) announced the formation of a Hong […]

30 FIs to Join HK Cybersecurity Crisis Drill

08/06/2017

Thirty of the top financial institutions in Hong Kong have signed up to an upcoming cybersecurity crisis drill, it was […]